THERMOTIS
ActiveTHERMOTIS has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44k and a net result of €12k. Equity is growing by ~45.9% per year across the filed fiscal years. Its solvency ranks better than 87% of 9386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 4.72 against 2.66 in 2024), and 12.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87.5%
Return on assets
24.8%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
8 d early
2024
30 d early
2023
29 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€44k▲ 39.5%
2024 · €31k
2023: €15k
2024: €31k
2023 → 2025
Total assets
€50k▲ 37.5%
2024 · €36k
2023: €26k
2024: €36k
2023 → 2025
Net result
€12k▼ 24.4%
2024 · €16k
2023: €-5k
2024: €16k
2023 → 2025
Working capital
€23k▲ 179%
2024 · €8k
2023: €-6k
2024: €8k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€15k-€31k▲ 110%€44k▲ 39.5%
Operating result€-5k-€16k€14k▼ 16.7%
Net result€-5k-€16k€12k▼ 24.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €50k
Fixed assets
€20k▼ 6.6%
Current assets
€29k▲ 121%
Equity and liabilities €50k
Equity
€44k▲ 39.5%
Debt
€6k▲ 24.7%
The debt ratio falls from 13.8% to 12.5%: equity grows faster than debt.
Key figures and ratios
EBITDA
€21k▼
2024 · €23k
Cash flow
€20k▼
2024 · €23k
Solvency
87.5%▲
2024 · 86.2%
Current ratio
4.72▲
2024 · 2.66
Quick ratio
4.72▲
2024 · 2.66
Debt / equity
0.14▼
2024 · 0.16
ROE
28.3%▼
2024 · 52.3%
ROA
24.8%▼
2024 · 45.1%
Interest coverage
125.60▼
2024 · 191.30
Debt
€6k▲
2024 · €5k
Debt ≤ 1 year
€6k▲
2024 · €5k
Income taxes
€1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€36k€50k▲
Formation expenses20€1k€158▼
Fixed assets21/28€22k€20k▼
Intangible fixed assets21€22k€20k▼
Current assets29/58€13k€29k▲
Amounts receivable within one year40/41€588€241▼
Trade receivables40€202-
Other amounts receivable41€386€241▼
Cash at bank and in hand54/58€13k€29k▲
Deferred charges and accrued income490/1-€491
Equity and liabilities
Total equity and liabilities10/49€36k€50k▲
Equity10/15€31k€44k▲
Contributions10/11€20k€20k=
Reserves13€11k€24k▲
Distributable reserves133€11k€24k▲
Amounts payable17/49€5k€6k▲
Amounts payable within one year42/48€5k€6k▲
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Other amounts payable47/48€5k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲
Other operating charges640/8€387€309▼
Gross operating margin9900€23k€22k▼
Operating profit (loss)9901€16k€14k▼
Financial income75/76B€12€49▲
Recurring financial income75€12€49▲
Financial charges65/66B€119€171▲
Recurring financial charges65€119€171▲
Profit (loss) for the period before taxes9903€16k€14k▼
Income taxes67/77-€1k
Profit (loss) for the period9904€16k€12k▼
Profit (loss) for the period to be appropriated9905€16k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€12k▲
Profit (loss) brought forward from the previous period14P€-5k-
Transfer to equity691/2€11k€12k▲
To other reserves6921€11k€12k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 2.66
Current ratio from 0.47 to 2.66; short-term debt falls from €11k to €5k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
23-11-2024
Resigned as Director
Location & real-estate footprint
Registered office, Zedelgem · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hollevoordestraat 678210 ZedelgemGround area
673 m²
Building footprint
128 m²
Volume, LiDAR
526 m³
Parcel 31036D0649/00K002, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
THERMOTIS
since 20232.341.556.343
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31036D0649/00K002 | Flanders | 673 m² | 1 · 128 m² | 6.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 3 entries · 50,000 EUR awarded · 50,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 25,000 EUR |
| 2024 | 1 | 50,000 EUR | 25,000 EUR |
Schemes
Innovatieve starterssteun
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Of 2,138 companies in sector 71209 we hold annual accounts for 1,080. 760 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-01-2023
Fiscal year end31-12
Activities, NACEBEL
71209Other technical testing and analysis
43222Installation of electric heating, air conditioning, cooling and ventilation
46842Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.